LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust specializing in seniors housing and health care properties, today announced the appointment of Eric Clark as Senior Vice President, Corporate Finance and Investor Relations, a new position at the Company. Mr. Clark will lead and manage LTC’s capital markets, financial forecasting and investor relations functions. He will work closely with executive leadership to engage institutional investors, sell-side analysts and rating agencies to support the Company’s continued growth.
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Eric Clark, Senior Vice President, Corporate Finance and Investor Relations
Mr. Clark joins LTC from BTIG, where he served as Managing Director, Investment Banking focused on capital markets and mergers and acquisitions; his coverage included approximately 60 public REITs across all property types. He brings more than 14 years of real estate investment banking and capital markets experience spanning public and private real estate. Prior to BTIG, Mr. Clark held similar positions with Citizens JMP Securities and Wunderlich Securities. Mr. Clark holds a Bachelor of Science in Business Administration from Bryant University.
“Eric brings a solid combination of capital markets expertise, strategic insight, and deep knowledge of the real estate industry,” said Cece Chikhale, LTC’s Chief Financial Officer. “His appointment comes as LTC is building significant momentum through the continued growth of our seniors housing operating portfolio (“SHOP”). We believe Eric will be a valuable addition to our team as we execute on our growth strategy, deepen engagement with the investment community, and pursue ongoing opportunities to create sustainable long-term shareholder value.”
“LTC’s transformation to a SHOP-focused REIT has accelerated its external growth capabilities and positions the Company with a higher intrinsic growth profile,” said Clark. “This growth, along with a strong balance sheet and disciplined approach to capital allocation, creates a compelling opportunity. I look forward to leveraging my experience to help support LTC’s growth objectives and communicate the Company’s story to a wider audience.”
About LTC
LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company’s portfolio includes nearly 170 properties throughout the United States. Based on gross real estate investments, 80% of the Company’s assets are seniors housing communities with the remainder skilled nursing centers. Learn more at www.ltcreit.com.
Forward-Looking Statements
This press release includes statements that are not purely historical and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s expectations, beliefs, intentions or strategies regarding the future. All statements other than historical facts contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties. All forward-looking statements included in this press release are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such forward-looking statements. Although the Company’s management believes that the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The actual results achieved by the Company may differ materially from any forward-looking statements due to the risks and uncertainties of such statements.
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